Morning analysis on July 7th for Bitcoin and Ethereum by Fang Li


As usual, let's first review the fulfillment of the early morning strategy. In the early hours, we gave a signal to go long on a pullback in the range of 63,000-62,500, with a target of 64,500. Both the pullback range and the target were perfectly reached!
Looking at the overall trend, it shows a large bullish candle, indicating strong bullish momentum. The market is showing a pattern of consolidation and upward movement. Although there were slight pullbacks during this period, they quickly reversed. Therefore, what we need to do is follow the trend and continue to set up long positions.
Bitcoin: Go long on a pullback around 63,500-62,700, with a target around 64,500-66,000.
Ethereum: Go long on a pullback around 1770-1740, with a target around 1820-1860.
$BTC $ETH ‌#
BTC-1.21%
ETH-1.98%
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GateUser-1859b7cd
· 19h ago
Bitcoin’s big bullish candle in this run looks pretty steady. I’ll add a bit more to my positions if it pulls back to around 6.35.
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GlassDome
· 19h ago
Taking long at 63k early this morning was indeed comfortable, caught it.
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